LMCN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LMCN
Largest movements
- Receivables within one year +€17,822
up €17,822 (+34.7%), from €51,344 to €69,166
of which Other amounts receivable: +€32,876
- Tangible fixed assets +€10,163
up €10,163 (+314.4%), from €3,233 to €13,396
- Cash -€9,389
down €9,389 (-82.8%), from €11,344 to €1,955
mainly Receivables within one year (-€17,822) and Investment in fixed assets (net) (-€11,434)
- Profit (loss) carried forward +€23,268
up €23,268 (+63.7%), from €36,514 to €59,782
- Tax, wage and social debts -€7,637
down €7,637 (-55.0%), from €13,878 to €6,241
- Trade debts +€3,103
up €3,103 (+23.2%), from €13,391 to €16,494
- Write-downs -€50,221
no longer reported in 2025 (was €50,221)
- Taxes +€2,178
new in 2025: €2,178
- Gross operating margin -€1,874
down €1,874 (-6.6%), from €28,537 to €26,663
- Financial income +€887
new in 2025: €887
- Other operating charges +€833
new in 2025: €833
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,921 | €84,517 | +€18,596 | +28.2% |
| Fixed assets | 21/28 | €3,233 | €13,396 | +€10,163 | +314.4% |
| Tangible fixed assets | 22/27 | €3,233 | €13,396 | +€10,163 | +314.4% |
| Plant, machinery and equipment | 23 | €3,233 | €13,396 | +€10,163 | +314.4% |
| Current assets | 29/58 | €62,688 | €71,121 | +€8,433 | +13.5% |
| Amounts receivable within one year | 40/41 | €51,344 | €69,166 | +€17,822 | +34.7% |
| Trade receivables | 40 | €51,344 | €36,290 | -€15,054 | -29.3% |
| Other amounts receivable | 41 | - | €32,876 | +€32,876 | |
| Cash at bank and in hand | 54/58 | €11,344 | €1,955 | -€9,389 | -82.8% |
| Total equity and liabilities | 10/49 | €65,921 | €84,517 | +€18,596 | +28.2% |
| Equity | 10/15 | €38,514 | €61,782 | +€23,268 | +60.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,514 | €59,782 | +€23,268 | +63.7% |
| Amounts payable | 17/49 | €27,407 | €22,735 | -€4,672 | -17.0% |
| Amounts payable within one year | 42/48 | €27,407 | €22,735 | -€4,672 | -17.0% |
| Trade debts | 44 | €13,391 | €16,494 | +€3,103 | +23.2% |
| Suppliers | 440/4 | €13,391 | €16,494 | +€3,103 | +23.2% |
| Taxes, remuneration and social security | 45 | €13,878 | €6,241 | -€7,637 | -55.0% |
| Taxes | 450/3 | €13,878 | €6,241 | -€7,637 | -55.0% |
| Other amounts payable | 47/48 | €138 | - | -€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €1,271 | -€89 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,221 | - | -€50,221 | |
| Other operating charges | 640/8 | - | €833 | +€833 | |
| Gross operating margin | 9900 | €28,537 | €26,663 | -€1,874 | -6.6% |
| Operating profit (loss) | 9901 | -€23,044 | €24,559 | +€47,603 | |
| Financial income | 75/76B | - | €887 | +€887 | |
| Recurring financial income | 75 | - | €887 | +€887 | |
| Financial charges | 65/66B | €425 | - | -€425 | |
| Recurring financial charges | 65 | €425 | - | -€425 | |
| Profit (loss) for the period before taxes | 9903 | -€23,469 | €25,446 | +€48,915 | |
| Income taxes | 67/77 | - | €2,178 | +€2,178 | |
| Profit (loss) for the period | 9904 | -€23,469 | €23,268 | +€46,737 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,469 | €23,268 | +€46,737 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.